While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to six-month time frame, Mad Day Trader, provided by Jim Parker, will exploit money-making opportunities over a brief ten minute to three day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.
I got that trade alert out a little late, nevertheless I'm going to keep it very tight with a 136.85 stop GTC.
I know that some of you sold closer to the highs after the Midday Missive was released.
It's a cheap look at a tradable level.
135.40 ish is the bottom on value on the point & Figure, making 135.60 the place to take partial profit and pay for your stop.
136.30-33 is neutral for the past few weeks, so it would be nice to see Euro close below this area.
I will update the orders for Sunday's Asian session pending price action for FX and Futures Traders.
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